LAS VEGAS— Casino giant Caesars Entertainment is appealing a bankruptcy court ruling that could put it on the hook for nearly $364 million. The National Retirement Fund, which manages pensions for 400,000 unionized workers from a variety of employers, wants to oust Caesars, forcing it to cover the cost of promised pensions. The fund has estimated Caesars would...» Read More
Microsoft is adding two holidays, increasing its 401k match and enhancing paid parental leave policies, reports CNBC's Sue Herera.
LOS ANGELES, Aug 4- America's biggest public pension fund, Calpers, has broken its silence over a controversial California ballot measure that seeks to cut worker pensions by suggesting the move might be illegal. Pension costs were significant factors in the bankruptcies of Detroit, Michigan, and the cities of Stockton and San Bernardino in California.
Saving for college is hard. But some employers are making it a little easier by matching employee contributions to 529 plans -- and two states are offering tax breaks to companies that do it.
The employment-cost index, measuring wages and benefits, sees its smallest quarterly gain since 1982.
Curtis Lee, Luxe Valet co-founder & CEO, talks about converting independent contractors to employees with benefits.
NEW YORK, July 23- All it usually takes to borrow money from your 401 are a few clicks on a website, and a check will arrive a few days later. Internal Revenue Service rules say you can borrow up to $50,000 or 50 percent of the account balance, whichever is greater. The problem is with middle-aged workers, who are the heaviest loan users, according data from the Employee...
The Medicare program's trust fund for hospital care will run out of money in 2030 the trustees said in a report. Trustees for the country's Social Security program repeated their warning that Washington would run out of the money needed to fully pay disability benefits by 2016.. Depletion of the Medicare and Social Security trust funds does not mean that all...
*Lines of pensioners create powerful symbol of crisis. ATHENS, July 2- Long lines of pensioners jostling to get into a limited number of banks opened specially to pay out retirement benefits have become a powerful symbol of the misery facing Greece and the problems mounting for Prime Minister Alexis Tsipras. Mindful of the fact that many older Greeks do not use...
President Obama wrote an op-ed on expanding overtime pay. Paul Mangiamele, Bennigan's CEO, discusses how this could impact his business.
Susan Cain, Quiet Revolution co-founder, discusses the "quiet revolution" going on within corporations to tap into the power of the shy.
WASHINGTON, June 11- President Barack Obama's quest for "fast-track" negotiating authority on a Pacific Rim trade deal passed its initial tests in the U.S. House of Representatives on Thursday ahead of a final vote on Friday on contentious trade measures. By a vote of 397-32, the House approved a measure authorizing funds to help workers who lose their jobs as a...
WASHINGTON, June 11- President Barack Obama's quest for "fast-track" negotiating authority on a Pacific Rim trade deal passed its first test in the U.S. House of Representatives on Thursday, with another day of voting to come on a contentious package of bills. By a vote of 397-32, the House approved a measure authorizing funds to help workers who lose their jobs as a...
ADP is scared, says Parker Conrad, Zenefits co-founder & CEO, discussing the defamation lawsuit ADP has filed against his company.
Legendary entrepreneur Sir Richard Branson is offering fully-paid paternity leave for a full year for some employees.
The Los Angeles City Council voted to approve a minimum wage increase to $15 by the year 2020.
June 4- A new statewide ballot measure campaign aimed at reforming public worker pensions was filed in California on Thursday, led by former Democratic San Jose mayor and longtime pension reform advocate Chuck Reed. The ballot initiative is the latest in a long fight to reduce public pension obligations in California, where debts are particularly burdensome...
Michel Landel, Global CEO of Sodexo, discusses its latest survey which showed how corporate initiatives that aim to improve the "quality of life" can help productivity.
Chuck Pol, Vodafone Americas president, discusses his company's policy to offer mandatory minimum maternity leave of at least 16 weeks, plus additional benefits.
Alan Murray, Fortune editor, reveals the magazine's annual list of top 100 companies to work for in 2015. This year a tech giant nabs the top spot.
John Hope Bryant, Operation Hope CEO, shares his thoughts on how to solve the income inequality problem through apprenticeships and education.